Nat Gas and Power sectors are on a path of convergence in terms of reliable electricity supply across the American mainland. Reliable electricity supply is the key driver in the power sector with marginal cost power markets, where firm vs non-firm gas supply with bilateral contracts is the means for monetization and supply in the gas market. Yet growth projections of gas demand are primarily driven by gas fired generation expansion in the power sector to fill gaps between potential coal requirements and intermittent renewables from public policy mandates. Modern day elegant solutions center around world class co-optimization algorithms for understanding, planning, and forecasting the coupling of nat gas and power sectors along with quantifying joint reliability responsibility for keeping the lights on. Co-optimization facilitates least cost infrastructure developments between the sectors and enables simultaneous production cost minimizations of gas and electric markets.
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